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i can sort of understand why people, especially working class americans, become libertarians. they just dont like the government taking money off their paychecks and funneling it into military expenditure and other bullshit like that.

Ascaris, I'd very much like to hear some more why you think a government implemented monetary policy is better than relying on the principles of Austrian economics.

I'd like to know why we need a Federal Reserve to force interest rates low and encourage risky loans from banks and malinvestment in stocks?

Also, for the record, if the government offered my business a bailout, I'd take it in a heart beat. Hell, who wouldn't? And please help me understand why I should hate big corporations and free markets, when we have a system filled with government bureaucrats and lobbyists, handing out my money to said corporations, and electing said corporations' employees to positions of power?

To quote my post that you never responded to:

In fact, there was more extensive bank regulation, central bank intervention, government protection of depositors and other bank creditors, and government control of mortgage markets in those decades than any other in US history. The artificially low and sometimes negative federal funds rates generated by the FED encouraged those risky "AAA" loans.

Also, you forget to mention the Federal Reserve and Congress have been undertaking creditor bailouts for large financial institutions since the 1980s. In REAL capitalism, if a business fails, it fails. But the crony capitalism of today prevents that. Of course the private industries were greedy too, but I can't say I blame them, when the cracks in the system were so easy to slip through thanks to the government, And when they were practically encouraged to do so.